Banco de Chile (NYSE:BCH) Q3 2023 Earnings Call Transcript

Pablo Mejia: The 1% — I would say the 1.2% would be — it would be closer to the 1.1% than the 1.2%. Normalization would be throughout the remainder of next — throughout the next year is reasonable. And in terms of provisions, it’s something that’s decided at the Board level based on different economic factors, a viewpoint, there is CLP 700 billion there, so it could be buried the relationship between cost of risk and the release of those provisions if that were to occur at some point in time in the future. And the effective tax rate. Is with inflation of around 3%, the effective tax rate should be around 23% Banco de Chile.

Operator: Okay. Thank you very much. It looks like we have no further questions at this point. I’ll pass the line back to the team for the concluding remarks.

Pablo Mejia: Thank you for listening, and we look forward to having our next conference call with you. Bye.

Operator: Thank you very much. We’ll now be closing all the lines. Thank you very much, and goodbye.